Nvidia reported a 48.4% jump in quarterly revenue, helped by demand for its chips that are used by major providers of cloud computing, Reuters reported. Revenue from its gaming business jumped by nearly 50% to $1.03 billion.

Nvidia's stock has surged by 218% over the past year.

AMD, a competitor in the market for graphics-processing units, is the top holding on Robinhood. In contrast, its earnings sent the stock tumbling by 24% after disappointing forecasts for gross margins.